What’s the True Price of Gas?

How much do we really pay for a gallon of gas? The costs extend beyond what we pay at the pump.

posted Jul 05, 2011

With gas above $4 a gallon in many places, the Obama administration last week announced that it would tap the Strategic Petroleum Reserve to increase supply and ease prices. But the price we pay for gas already hides the real cost of of oil— costs we pay, not at the pump, but with our own health.